Filed May 11, 2020
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $92,391 | $92,985-0.6% | $153,485-39.8% | $80,856+14.3% |
| Participation rate | 38.3% | 69.0%-30.7pp | 77.1%-38.8pp | 67.6%-29.3pp |
| Annual return | 12.40% | 19.95%-7.5pp | 15.65%-3.3pp | 35.59%-23.2pp |
| Employer contribution / active EE | $0 | $3,507-100.0% | $5,039-100.0% | $2,755-100.0% |
| Participant deferral / active EE | $2,992 | $5,178-42.2% | $6,757-55.7% | $4,296-30.3% |
| Admin fee / account holder | $9,187 | $8,880+3.5% | $12,724-27.8% | $6,918+32.8% |